Esports Entertainment Correlations
| GMBLDelisted Stock | USD 2.58 1.08 72.00% |
The current 90-days correlation between Esports Entertainment and Elys Game Technology is -0.18 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Esports Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Esports Entertainment Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Esports Entertainment Correlation With Market
Significant diversification
The correlation between Esports Entertainment Group and NYA is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Esports Entertainment Group and NYA in the same portfolio, assuming nothing else is changed.
Esports |
The ability to find closely correlated positions to Esports Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Esports Entertainment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Esports Entertainment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Esports Entertainment Group to buy it.
Moving together with Esports OTC Stock
| 0.72 | EBET | Ebet Inc | PairCorr |
| 0.74 | EVRI | Everi Holdings Buyout Trend | PairCorr |
| 0.63 | FLUT | Flutter Entertainment plc | PairCorr |
| 0.77 | IGT | International Game | PairCorr |
| 0.62 | LNW | Light Wonder | PairCorr |
| 0.83 | GDHG | Golden Heaven Group | PairCorr |
| 0.69 | LTFD | Littlefield | PairCorr |
| 0.95 | LTRY | Lottery Common Stock Report 20th of June 2024 | PairCorr |
| 0.79 | GMBLP | Esports Entertainment | PairCorr |
| 0.63 | LTRYW | Lottery Warrants | PairCorr |
| 0.62 | ACEL | Accel Entertainment | PairCorr |
| 0.76 | SBET | Sharplink Gaming | PairCorr |
| 0.75 | H | Hyatt Hotels | PairCorr |
| 0.62 | M | Macys Inc | PairCorr |
| 0.72 | BC | Brunswick | PairCorr |
Moving against Esports OTC Stock
| 0.7 | RSI | Rush Street Interactive Sell-off Trend | PairCorr |
| 0.6 | CDROW | Codere Online Luxembourg | PairCorr |
| 0.54 | AGS | PlayAGS | PairCorr |
| 0.86 | CHDN | Churchill Downs | PairCorr |
| 0.67 | BQ | Boqii Holding Limited | PairCorr |
| 0.65 | AN | AutoNation | PairCorr |
| 0.64 | EM | Smart Share Global | PairCorr |
| 0.55 | BH | Biglari Holdings | PairCorr |
| 0.51 | BRAG | Bragg Gaming Group | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Esports OTC Stock performing well and Esports Entertainment OTC Stock doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Esports Entertainment's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RSI | 2.33 | 0.82 | 0.34 | 2.36 | 1.80 | 4.79 | 23.17 | |||
| PDYPY | 2.02 | 0.45 | 0.16 | 0.47 | 2.42 | 4.31 | 16.70 | |||
| EVRI | 1.94 | (0.22) | 0.00 | (0.11) | 0.00 | 5.24 | 12.73 | |||
| INSE | 1.61 | 0.04 | 0.02 | 0.12 | 2.33 | 3.87 | 15.23 | |||
| PBTHF | 8.22 | 0.93 | 0.07 | 0.92 | 11.63 | 20.00 | 64.45 | |||
| EBET | 13.13 | (2.22) | 0.00 | (19.18) | 0.00 | 31.71 | 145.60 | |||
| GAN | 1.49 | (0.06) | 0.00 | (0.35) | 0.00 | 3.15 | 9.16 | |||
| ELYS | 5.96 | (1.40) | 0.00 | (0.79) | 0.00 | 14.00 | 42.68 | |||
| LTRY | 3.03 | (0.47) | 0.00 | 0.45 | 0.00 | 6.40 | 18.46 |
Esports Entertainment Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Esports Entertainment otc stock to make a market-neutral strategy. Peer analysis of Esports Entertainment could also be used in its relative valuation, which is a method of valuing Esports Entertainment by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Esports Entertainment Corporate Management
Elected by the shareholders, the Esports Entertainment's board of directors comprises two types of representatives: Esports Entertainment inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Esports. The board's role is to monitor Esports Entertainment's management team and ensure that shareholders' interests are well served. Esports Entertainment's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Esports Entertainment's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michel Morizot | Senior Technology | Profile | |
| David Williams | Senior Esports | Profile | |
| Michael Wilson | Pres iGaming | Profile | |
| Christopher CMA | VP Fin | Profile | |
| Lydia Roy | Compliance Counsel | Profile |
Still Interested in Esports Entertainment Group?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.